Vaalco Energy Inc income statement
In fiscal 2025, Vaalco Energy Inc reported revenue of $359m, down 25.0% on the year before, operating income of −$20.6m (a -5.7% margin) and net income of −$41.4m, or −$0.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 77 | 105 | 85 | 67 | 199 | 354 | 455 | 479 | 359 | 350 |
| General and administrative | 10 | 10 | 11 | 15 | 11 | 15 | 10 | 24 | 30 | 33 | 35 |
| Operating income | −4 | 20 | 51 | 21 | −27 | 79 | 171 | 159 | 136 | −21 | −37 |
| Interest expense | 3 | 1 | 0 | — | — | — | — | — | — | — | — |
| Net interest income | −3 | −1 | −0 | 1 | — | — | — | — | — | — | — |
| Income before tax | −9 | 21 | 55 | 21 | −20 | 60 | 123 | 150 | 140 | −27 | −96 |
| Income tax | 9 | 10 | −43 | 24 | 28 | −22 | 71 | 90 | 81 | 15 | 13 |
| Net income | −27 | 10 | 98 | 3 | −48 | 82 | 52 | 60 | 58 | −41 | −109 |
| Diluted EPS | −$0.45 | $0.16 | $1.62 | $0.04 | −$0.83 | $1.37 | $0.73 | $0.56 | $0.56 | −$0.40 | −$1.04 |
| Diluted shares (average) | — | 59m | 60m | 59m | 58m | 59m | 70m | 107m | 104m | 104m | 104m |
| EBITDA | 3 | 26 | 57 | 28 | −18 | 100 | 219 | 274 | 280 | 89 | 67 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 140 | 122 | 110 | 97 | 61 | 91 | 63 | 135 |
| General and administrative | 7 | 8 | 9 | 8 | 9 | 7 | 8 | 11 |
| Operating income | 44 | 39 | 26 | 17 | 1 | −65 | −16 | 44 |
| Income before tax | 44 | 29 | 24 | 15 | −2 | −63 | −89 | 59 |
| Income tax | 33 | 17 | 16 | 7 | −4 | −5 | 4 | 17 |
| Net income | 11 | 12 | 8 | 8 | 1 | −59 | −94 | 42 |
| Diluted EPS | $0.10 | $0.11 | $0.07 | $0.08 | $0.01 | −$0.56 | −$0.90 | $0.39 |
| EBITDA | 91 | 76 | 56 | 45 | 21 | −34 | 2 | 78 |
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